Weekend Bitcoin Roller Coaster MSTR COIN MARA RIOT In Focus

• Bitcoin miners & treasury stocks set to rally due to the weekend BTC rally
• BitMine Immersion Technologies (OTCMKTS: BMNR) joining the ranks of Bitcoin treasury stocks

Over the past week Bitcoin mining stocks like Marathon Digital Holdings (NASDAQ: MARA), Galaxy Digital Holdings (NASDAQ: GLXY), Riot Blockchain (RIOT), Cleanspark (CLSK), Hut 8 Mining Corp (NASDAQ: HUT) and Hive Digital (NASDAQ: HIVE) all dived in correction territory as the price of Bitcoin Collapsed.  The most notable losses were in the Bitcoin Treasury stocks like Microstrategies (NASDAQ: MSTR) Coinbase (NASDAQ: COIN), and Tesla (NASDAQ: TSLA) which have notable Bitcoin holding on their balance sheet. Bucking the trend lower was a thinly traded hybrid Bitcoin miner and Bitcoin treasury stock that remained unchanged.  BitMine Immersion Technologies (OTCMKTS: BMNR) is off the radar OTC stock on the cusp of a NYSE listing. The play is simple, get in before it lists on the NYSE and attracts institutions that realize this is the first and ONLY New York Stock Exchange traded Bitcoin stock.  

‍Bitcoin's Rollercoaster Weekend: From Macro Pressures to Market Rebound

Going into this weekend Bitcoin was facing major selling pressures from the macroeconomic forces trying to decipher Trump’s tariff policies and a mega hack of $1.5 billion of Ether from the Bybit exchange in Dubai. The sentiment was so negative that Bitcoin bottomed out at close to $78,000 compared to its $100,000 price less than 10 days ago. This 20% drop caught a lot of crypto investors off guard but represented an amazing opportunity for some investors who saw the reversal in the S&P 500 and started buying Bitcoin in sympathy. The sentiment carried through on the weekend leaving investors looking at a positive opening on Bitcoin related stocks. 

BitMine Immersion Technologies: The Next Big Player in Bitcoin Mining 

BitMine Immersion Technologies (OTCMKTS: BMNR) is a company that’s hitting all the right notes for investors who love growth stories with a side of innovation. Unlike traditional Bitcoin miners relying on outdated air-cooling systems, BMNR has gone all-in on immersion cooling—submerging its ASIC mining rigs in specialized oil to keep them running at peak performance. This isn’t just a gimmick; it’s a game-changer. According to the company, immersion cooling can cut energy waste by up to 95% compared to conventional methods, while extending machine lifespan by 30% or more. Lower costs, higher output, and a greener footprint? That’s a recipe for success in an industry where margins are everything. 

The company recently dropped a bombshell that sent a clear signal to the market: it’s not messing around. In November 2024, BMNR announced the purchase of 3,000 ASIC mining computers from Luxor Technology Corporation, tripling its fleet from 1,500 to 4,500 machines (source: otcmarkets.com/stock/BMNR/news). Funded through a forward sale of hashrate, this $1.035 million deal will push BitMine’s mining capacity past 400 Petahash starting January 2025, with deployments slated for Texas and Trinidad. CEO Jonathan Bates didn’t mince words:

“This purchase…will significantly increase our self-mining revenue at a time when gross profit margins are expanding. We are bullish on mining margins as well as Bitcoin itself, for all of 2025. With plans to hit one Exahash by year-end and acquire Bitcoin for its balance sheet, BMNR is positioning itself as a lean, mean, mining machine.” 

An S-1 was filed on January 21, 2025 for the specific purpose of raising money to comply with the NYSE listing requirements.  The minimum NYSE listing equity requirements are $40 million. Many investors are missing that fact. With a current market cap close to $15 million that means at least $25 million of cash needs to be injected for them to achieve their uplisting. Their use of proceeds stipulates ALL funds raised will go toward the purchase of BTC which would place them in the top 20 Bitcoin treasury companies. Based on the timing of the S-1 and the Amendment on February 18, 2025 it's reasonable to think the notice of effectiveness will be within the next couple of weeks. This will allow Think Equity, their investment banker to raise the money and execute the reverse split allowing them to uplist to the NYSE.    

 Compare BMNR to the heavyweights MARA and RIOT. Both are heavyweights in the Bitcoin mining space, leveraging massive scale to churn out BTC. According to finviz.com, MARA boasts a market cap of $4.7 billion and has seen its stock surge over 100% in the past year, driven by its aggressive expansion and 23.5 EH/s of energized hash rate. RIOT, with a $3.2 billion market cap, isn’t far behind, posting a 75% gain in the same period and flexing 12.4 EH/s of capacity. Both companies are also stockpiling Bitcoin—MARA holds over 26,000 BTC, while Riot has amassed 8,000+—betting big on crypto’s long-term value. But here’s the kicker: BMNR, with its sub-$20 million market cap, offers a ground-floor entry into the same bullish narrative at a fraction of the price. 

‍Key Takeaways 

• Massive Expansion: BitMine recently tripled its mining fleet with a $1.035 million acquisition of 3,000 ASIC miners, boosting capacity from 140 to over 400 Petahash. 

• Innovative Edge: BMNR’s immersion cooling tech slashes operating costs and boosts efficiency, giving it a competitive advantage in the energy-intensive mining game. 

• Strategic Locations: Operations in low-cost energy hubs like Trinidad, Texas, and Kentucky position BMNR to maximize profits as Bitcoin margins expand. 

• Bullish Bitcoin Outlook: With BTC trending higher, BMNR’s plan to hold Bitcoin on its balance sheet could supercharge its growth in 2025. 

• Undervalued Gem: Trading on OTCQX, BMNR offers explosive upside potential at a fraction of the valuation of MARA and RIOT. 

Investment Summary 

All Bitcoin stocks are poised for a relief rally which means it's time to cycle back into them. Small OTC stocks like BMNR represent a screaming buy for anyone bullish on Bitcoin and smart enough to spot an undervalued winner. For those squeamish on the liquidity of OTC stocks, this one is a breath away from a coveted NYSE uplisting. This isn’t just another mining stock—it’s a disruptor with the tech, the vision, and the momentum to explode in 2025. While MARA and RIOT are already priced for perfection, BMNR is a coiled spring ready to launch. With Bitcoin poised for new highs, an aggressive expansion underway, and a cost-efficient model that’s turning heads, this small-cap could deliver 5x, 10x, or even greater returns as the crypto boom accelerates. Don’t sleep on BMNR—stocks like this don’t stay cheap for long.

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Disclosure: Insider Financial and its owners do not have a position in the stocks posted and have posted this article for free without editorial input. A guest contributor wrote this article and solely reflects his opinions.